Thursday, 9 October 2014

With foreign holidays and international business trips
becoming more frequent, travel
insurance has become a necessity. Yet, many of us do not understand what
travel insurance actually is. Travel
insurance can be divided into two main categories:

Trip Cancellation Insurance

Travel Medical Insurance

Trip cancellation insurance consists of:

Trip Cancellation - If you cancel your trip prior to departure, you will be able to claim back your deposit or entire holiday cost

Trip Interruption - If you need to return home before your scheduled departure, the policy will help you pay for flights and any other arrangements.

Emergency medical Evacuation - The travel insurance policy will arrange and pay for transport to the nearest medical facility. Some policies will also pay for your flight home if special arrangements are needed

Repatriation of Remains - If you do unfortunately pass away while on your travels, your travel insurance policy will pay to have your remains brought back

Baggage - Most travel insurance policies will cover lost luggage, damaged luggage and late luggage.

Accidental Death & Dismemberment - The policy would pay out if you died in an accident or post two limbs in the accident

Miscellaneous - Some policies will also cover extra items such as delayed flights, emergency cash transfer and ID theft.

Travel Medical InsuranceThis type of travel insurance focuses mainly on medical
benefits. This type of policy will specialise in medical fees, evacuations and
other medical emergencies. Cancelled or delayed trips will not be covered.

Travel Insurance ExcessBoth types of policies will most likely have some form of
excess. The size of the excess will depend on the specifics of the claim and
the cost of the premium. Please remember to double check and query your excess
with the provider before you take up the insurance.

Wednesday, 1 October 2014

There are three main types of motor insurance products; they
offer different levels of cover for your vehicle. In most cases third parties
are not affected by which level of cover you have. The three main products are:

1.Third Party

2.Third Party Fire & Theft

3.Fully Comprehensive

When shopping for car insurance quotes it is a good idea to
check the premiums for all three types, but before selecting the quote make
sure you are comfortable with the level of cover. Drivers of expensive cars
tend to choose fully comprehensive. New and young drivers often choose Third
Party as it is the cheapest option.

If you choose third party car insurance you will most likely
pay less for your premium, but the level of cover is minimal. If you were to
have an accident and it was your fault then your insurance provider would only
pay out for loss to other vehicle, you vehicle repair costs will not be
covered. If the other driver is at fault then it does not make a difference
what level of cover you have.

As above but with the additional peace of mind that if your
vehicle was stolen or burned it would be covered. So, your road risk cover is
still the same as third party only cover. This level of cover is more popular
than third party only. Be advised that there will be some level of excess
applied if you were to make a claim – check your policy for exact details.

This level of cover includes the first two levels plus, if
you were to have an accident and it was your fault your car repair costs would
be covered. This level of cover is the most expensive but it offers full
protection in the event of an accident. Again, there will be excess amounts
applied to any claim so check your policy wordings.

About Me

Mansard Insurance plc has witnessed tremendous growth since its recapitalization in 2002. At Mansard Insurance plc, we have been in the forefront of the changing times by retooling and reinventing ourselves to align more with our customers and to better meet their goals and aspirations. This has reflected greatly in our financial performance in the last five years both on our income lines and our balance sheet size.